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Article: VOLUNTARY BENEFITS: Add value over choice.
- Article from:
- Employee Benefits
- Article date:
- December 13, 2007
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Voluntary perks have an important role to play in adding value to a package, but cost is no longer the big issue it once was, says Debbie Lovewell
When Employee Benefits last conducted research into voluntary benefits in 2005, employers' main reason for offering such schemes was to provide staff with access to as wide a range of benefits choices as possible. However, while voluntary benefits provide a cost-effective way of offering employees extra perks and help enhance an organisation's package with additional options, employers now seem to be more concerned with ensuring that any scheme adds value for both the organisation and staff.
Attitudes ...